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B-M S Credit Union

Overview
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B-M S Credit Union is a federal credit union based in New Brunswick, New Jersey. It has been opened since 1954, for 66 years.

With around $100,060,000 in assets, B-M S Credit Union is considered to be a large credit union.

About
Address 1 Squibb Drive
New Brunswick, New Jersey 08901
Website http://bmsfcu.org
Phone (732) 227-6704
Fax (732) 227-3150
CEO Jennifer Bruett
President of the Board Michael Smith
Services Offered
Map
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Score Card
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66 years
Years in business
Opened in 1954
Well Capitalized
Net worth classification
Source: NCUA
4,608 members
Membership type: Multiple common bond – primary chemical
Average number of members
369:1
Credit union member to staff ratio
369 per each FTE employee
Compared to 411:1 nationally
Average number of staff
$100,057,557
Total assets
Above average
3 branches
Compared with an average of 4 nationally and 2 in New Jersey
Above average number of branches
0.08%
Savings interest rate
Compared to 0.3% nationally
Branches
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3 branches
Compared with an average of 4 nationally and 2 in New Jersey
Above average number of branches
B-M S Credit Union Branch Locations

B-M S. Credit Union: Princton Pike
3401 Princeton Pike Rm B1022
Lawrenceville, New Jersey 08648
No ATM
B-M S. Credit Union: New Brunswick
1 Squibb Drive
New Brunswick, New Jersey 08901
No ATM
B-M S. Credit Union: Hopewell
311 Pennington Rocky Hill Road
Building 8-Tn, Room 107
Pennington, New Jersey 08534
No ATM
B-M S. Credit Union: Lawrenceville
3551 Lawrenceville Road
Room A.119
Princeton, New Jersey 08540
No ATM
B-M S. Credit Union: New Brunswick
1 Squibb Drive
New Brunswick, New Jersey 08901
No ATM
Members
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4,608 members
Membership type: Multiple common bond – primary chemical
Average number of members

With 4,608 members, the B-M S Credit Union is considered to be a medium size credit union. It is larger than 55% of credit unions.

Fees
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$31
Average fee per member
The average fee per member at the B-M S Credit Union is $31, which is low compared to most credit unions. This rate is lower than 64% of all credit unions.
Fees are lower than average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the B-M S Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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369:1
Credit union member to staff ratio
369 per each FTE employee
Compared to 411:1 nationally
Average number of staff
12 staff members
FTE (full-time equivalent)
8% of employees are part-time
12 full-time, 1 part-time

B-M S Credit Union has 12 full-time staff members and 1 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 92% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. B-M S Credit Union has around 369 members per staff, an average ratio compared to other credit unions. This is a somewhat well staffed credit union.

Assets
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$100,057,557
Total assets
Above average
Net worth
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
16.0%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases
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$21,835
Average loan and lease size
Loan & lease sizes are big! They are bigger than at 93% of credit unions.

B-M S Credit Union holds a total of $13,410,000 in loans and leases, which is about $21,835 per member on average.

Savings interest rate
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0.08%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. B-M S Credit Union pays 0.08%.

Loan rates
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8.95%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
8.00%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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3.04%
New car loan rate
Compared to 4.0% nationally
2.50%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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4.76%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
3.80%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
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